From left: Gary M. Gore, President and CEO; Ardavan Mobasheri, Managing Director and Chief Investment Officer; Tanya Orr Bird, Managing Director and Senior Investment Manager; Matt Williams, Vice President and Wealth Advisor. Photo courtesy of ACIMA.
More than a year after stepping away from the state’s top post at Bank of America, Gary Gore is back in the game.
The former Richmond market head and Virginia president of BofA has launched ACIMA Private Wealth, an investment advisory firm in the West End.
It primarily will target families around the Southeast with at least $5 million in liquid assets for financial planning, investment management, family wealth services and private banking.
Gore recruited several other finance industry veterans who spent time at larger companies to serve as managing directors at ACIMA. Chief Investment Officer Ardavan Mobasheri was previously with AIG and senior investment manager Tanya Orr Bird was formerly with Wells Fargo Private Bank.
“We’re bringing senior people together who all have big firm experience and are coming together to work in a small firm that is independent, is very flexible and can customize for our clients.”
Gary Gore
The six-person firm occupied office space this year at 1801 Bayberry Court and formally launched last month.
Gore, 48, said he began to brainstorm the idea for ACIMA after he retired from Bank of America in early 2015.
“I was trying to figure out what I wanted to do next,” he said, adding that he wanted to stay in Richmond. “The thought was, there is a movement within the wealth industry in going independent and smaller, but having the resources of a larger firm behind you.”
The East Carolina University grad spent two decades at BofA and got his first full taste of private wealth management when the bank acquired U.S. Trust in 2007.
Also joining ACIMA are wealth advisor Matt Williams, chief compliance officer Theresa Muller and Pete Schrock, who will handle family planning for the firm’s clients.
Gore said none of the founding employees subscribe to any book of business, rather their connections and relationships. He said the firm does already have some clients lined up, but wouldn’t say whether they are local families or from out of town.
“Nobody is bringing a book of business so to speak, but a tremendous amount of experience and contacts,” he said.
Gore wouldn’t say what the firm’s growth goals are in terms of assets under management.
“Instead of a number, we’re basing it on one client at a time,” he said.
From left: Gary M. Gore, President and CEO; Ardavan Mobasheri, Managing Director and Chief Investment Officer; Tanya Orr Bird, Managing Director and Senior Investment Manager; Matt Williams, Vice President and Wealth Advisor. Photo courtesy of ACIMA.
More than a year after stepping away from the state’s top post at Bank of America, Gary Gore is back in the game.
The former Richmond market head and Virginia president of BofA has launched ACIMA Private Wealth, an investment advisory firm in the West End.
It primarily will target families around the Southeast with at least $5 million in liquid assets for financial planning, investment management, family wealth services and private banking.
Gore recruited several other finance industry veterans who spent time at larger companies to serve as managing directors at ACIMA. Chief Investment Officer Ardavan Mobasheri was previously with AIG and senior investment manager Tanya Orr Bird was formerly with Wells Fargo Private Bank.
“We’re bringing senior people together who all have big firm experience and are coming together to work in a small firm that is independent, is very flexible and can customize for our clients.”
Gary Gore
The six-person firm occupied office space this year at 1801 Bayberry Court and formally launched last month.
Gore, 48, said he began to brainstorm the idea for ACIMA after he retired from Bank of America in early 2015.
“I was trying to figure out what I wanted to do next,” he said, adding that he wanted to stay in Richmond. “The thought was, there is a movement within the wealth industry in going independent and smaller, but having the resources of a larger firm behind you.”
The East Carolina University grad spent two decades at BofA and got his first full taste of private wealth management when the bank acquired U.S. Trust in 2007.
Also joining ACIMA are wealth advisor Matt Williams, chief compliance officer Theresa Muller and Pete Schrock, who will handle family planning for the firm’s clients.
Gore said none of the founding employees subscribe to any book of business, rather their connections and relationships. He said the firm does already have some clients lined up, but wouldn’t say whether they are local families or from out of town.
“Nobody is bringing a book of business so to speak, but a tremendous amount of experience and contacts,” he said.
Gore wouldn’t say what the firm’s growth goals are in terms of assets under management.
“Instead of a number, we’re basing it on one client at a time,” he said.